09 - Thursday 9th February
Fixed Rate Mortgage Rate Increases
Fixed rate mortgage and tracker mortgage products from Abbey for Intermediaries will see a rate increase from 10th February 2012 by 0.10 - 0.50 percent.
Abbey's flexible offset maximum loan amount will also be reduced to £550,000 from the previous maximum of £1m.
Selected products will also be withdrawn, including 60 percent, 75 percent and 85 percent loan to value no-fee two year, three year, and five year fixed rate mortgage products and two year tracker mortgage products at 85 percent loan to value.
Fixed rate mortgage and tracker mortgage news released on 9th February 2012 is provided by external sources including independent mortgage lenders and brokers.
- MPC votes for more QE
The Bank of England’s Monetary Policy Committee has voted for more quantitative easing at its February meeting.
Thu 9th Feb 2012 12:04pm - Abbey increases rates and slashes maximum loan for offset
Abbey for Intermediaries is increasing rates on a number of its fixed and tracker mortgage products from tomorrow by between 0.10% and 0.50%.
Thu 9th Feb 2012 2:43pm - Stamp Duty rush boosts January valuations
Demand from first-time buyers looking to beat the end of the Stamp Duty holiday boosted residential valuations in January, according to Connells Survey and Valuation’s latest housing market activity report.
Thu 9th Feb 2012 11:18am - Hinckley & Rugby doubles mortgage lending in 2011
Hinckley & Rugby Building Society more than doubled its gross mortgage lending in 2011 compared to the previous year, its annual results reveal.
Thu 9th Feb 2012 10:50am - Tiuta extends large loan funding line
Tiuta has extended and doubled its large loan funding line to £60m, for use over the next few months.
Thu 9th Feb 2012 10:47am - Number of B2L properties increased by 84,000 in 2011
The number of properties being bought with buy-to-let mortgages increased by around 84,000 in 2011, according to latest data from the Council of Mortgage Lenders.
Thu 9th Feb 2012 10:09am - Repossessions up 5% year-on-year in Q4 2011
The number of properties taken into possession in Q4 2011 totalled 8,500, 5% higher than the 8,100 homes repossessed in the same period in 2010, according to data from the Council of Mortgage Lenders.
Thu 9th Feb 2012 10:05am - NatWest under fire AGAIN for catch that humbles returns on its best buy Isas
The state-backed bank is tempting new fixed-rate Isa customers but then herding them into a poor-paying limbo account for up to two months.
Thu 9th Feb 2012 9:58am - CML: Repossessions fall to lowest level since 2007
The number of repossessions has dropped to its lowest level since 2007, helped by low interest rates, according to data from the Council of Mortgage Lenders.
Thu 9th Feb 2012 11:53am - Buy to let properties up by 84,000 in 2011, says CML
The number of properties bought with buy to let mortgages rose by 84,000 last year, helping to boost the supply of private rented housing, new figures reveal.
Thu 9th Feb 2012 10:36am - Huge External Interest in London and the South East
“I was desperate to start 2012 off with a bang – and secure a deal in the South East. Over 30% of our enquiries are for properties in the South East of England – and it is by far the most competitive market in the UK. Getting significant discounts on properties that fit for buy to let is pretty much unheard of in the South East of England – and we have been working hard in the background building up our list of sourcers. We now have 2 deals – freehold houses in Kent giving up to 7% yields, and an excellent discount, an incredible 36% below 2008 values – but sadly we only have five – and some tenanted apartments in Woolwich, SE18 – with strong discounts, and excellent cashflow!”
Thu 9th Feb 2012 9:59am
